Table 5.

Short- and long-run ARDL results for mining town

Short-run estimatesCoefficientp-value
lnHPTm (−1)2.960.00***
lnHPTm (−2)3.510.00***
lnHPTm (−3)2.010.00***
lnHPTm (−4)−0.460.00***
lnMPGDP0.450.34
lnMPGDP (−1)1.680.00***
lnMPGDP (−2)1.070.03**
lnTE0.530.03**
LnTE (−1)−0.510.02**
LnHS−0.030.00***
LnCPI0.080.03**
LnCPI (−1)0.020.65
LnCPI (−2)−0.090.00***
LnHLR−0.020.00***
LnHLR (−1)0.010.08*
C0.100.02
Long-run estimates  
lnMPGDP79.850.17
lnTE2.840.92
lnHS−6.590.07*
lnCPI1.760.21
LnHLR−2.620.07*
C25.060.07*

Notes:

***; ** and * denote that variable is statistically significant at the 1, 5 and 10% significance level, respectively

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